Browsing: Business

– Amid ongoing global economic developments, Bank of Italy has revised its forecast for the country’s gross domestic product (GDP), now anticipating a 1% expansion in 2026, exceeding previous projections. The growth rate is expected to slow to 0.7% in

– European Union borrowing might reach nearly €1 trillion by 2027, according to the latest annual report from the European Court of Auditors. By the end of 2025, the EU’s outstanding debt had grown more than 20%, reaching €738.9 billion,

– Amid broader signs of recovery in international commerce, the World Trade Organization has revised its 2026 global merchandise trade growth estimate upward to 3.9 percent. This marks a significant increase from the 1.9 percent projection issued in March. According

– Amid ongoing discussions on strengthening economic security, France and Germany have jointly urged the European Commission to develop a swift mechanism for addressing severe market disruptions. French President Emmanuel Macron and German Chancellor Friedrich Merz submitted their proposal to

– Average UK five-year fixed mortgage rates reached 6.00% on October 5, returning to levels last seen about three years ago. The average two-year fixed rate rose to 5.98%, its highest since mid-December 2023. Moneyfacts recorded the increase after several

– Russia anticipates its 2026 grain yield to reach approximately 140 million tonnes as farmers enter the final phase of the harvest. Deputy Prime Minister Dmitry Patrushev indicated that the harvest has already surpassed 126 million tonnes, with about 90%

– Euro area unemployment persisted at 6.4% in August 2026, with no change from July, according to Eurostat. The rate was slightly lower at 6.3% in August 2025. Meanwhile, in the European Union, the unemployment rate remained steady at 6.1%

– European Union property values experienced a 4.7% increase in the second quarter of 2026 compared to the same period last year. Meanwhile, rental costs grew by 3.0%, maintaining their upward momentum across the bloc. Eurostat indicated that house prices

– Russia has outlined a plan to reach an annual coal output of 662 million tonnes by 2050 as part of a newly endorsed sector development initiative. This goal is incorporated into Russia’s revised coal growth blueprint, with current production

As global markets continue to assess the creditworthiness of major economies, European Union has been affirmed to hold its top AAA credit rating, with a stable outlook, according to Moody Ratings. This rating underscores the bloc’s continued ability to sustain